latest news releases from the newsroom
Crucell N.V.: Wyeth Selects Novel Drug Targets in Osteoporosis Collaboration With Galapagos
LEIDEN, The Netherlands and MECHELEN, Belgium, Nov. 9, 2004 (PRIMEZONE) -- Galapagos Genomics announced today that it has reached a research milestone in its osteoporosis discovery program with Wyeth Pharmaceuticals, the pharmaceutical division of Wyeth (NYSE:WYE). Within the program, which was initiated November 2003, Galapagos has used its osteoporosis disease expertise in combination with its SilenceSelect(tm) adenoviral siRNA platform to discover and validate novel drug targets that may affect bone remodeling. Wyeth has now selected a set of these targets for internal development, triggering a financial milestone for Galapagos. As these targets are progressed by Wyeth, Galapagos has rights to additional milestone payments that could amount up to $40 million.
Dobson Communications Corporation
Dobson Cellular Consummates Debt Offering
OKLAHOMA CITY, Nov. 8, 2004 (PRIMEZONE) -- Dobson Cellular Systems, Inc., a wholly owned subsidiary of Dobson Communications Corporation (Nasdaq:DCEL), today announced that it has consummated a private offering of $825 million of Senior Secured Notes, consisting of $250 million of 8-3/8% First Priority Senior Secured Notes due 2011, $250 million of First Priority Senior Secured Floating Rate Notes due 2011 and $325 million of 9-7/8% Second Priority Senior Secured Notes due 2012. The First Priority Senior Secured Floating Rate Notes due 2011 will bear interest at a rate equal to three-month LIBOR plus 4.75%.
Diamant Art Corp.
ART International Corporation Delivers First Shipment of Stretch Wrap Film to Victory Packaging
MARKHAM, Ontario, Nov. 8, 2004 (PRIMEZONE) -- ART International Corporation (OTCBB:ARIOF) announces that its wholly owned subsidiary, Diamant Film Inc., the exclusive North American distributor of a revolutionary non-PVC stretch wrap film, has delivered its first shipment of stretch wrap film to Victory Packaging. This shipment reflects the next step in conjunction with a Letter of Intent between Diamant Film Inc. and Victory Packaging for the distribution rights of Diamant(TM) film to the industrial, supermarket, institutional and catering markets throughout North America.
ACME Board of Directors Approves Stock Repurchase Program
SANTA ANA, Calif., Nov. 8, 2004 (PRIMEZONE) -- ACME Communications, Inc. (Nasdaq:ACME) announced today that its Board of Directors has approved the repurchase of up to $10 million of ACME common stock. The repurchases will be made as market and business conditions warrant. The Company will finance the purchase of the shares through borrowings under its senior credit facility, which has been amended to allow for the stock repurchase plan. The share repurchase plan will expire on December 31, 2005.